Claro Advisors LLC Sells 23,645 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Claro Advisors LLC lessened its position in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 63.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,516 shares of the semiconductor company’s stock after selling 23,645 shares during the quarter. Claro Advisors LLC’s holdings in ASE Technology were worth $136,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC raised its stake in shares of ASE Technology by 10.8% during the third quarter. Fisher Asset Management LLC now owns 15,167,615 shares of the semiconductor company’s stock worth $148,036,000 after acquiring an additional 1,481,424 shares in the last quarter. Citigroup Inc. grew its holdings in shares of ASE Technology by 9.7% during the 3rd quarter. Citigroup Inc. now owns 4,323,059 shares of the semiconductor company’s stock valued at $42,193,000 after purchasing an additional 382,425 shares during the last quarter. JPMorgan Chase & Co. raised its position in ASE Technology by 103.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,571,208 shares of the semiconductor company’s stock worth $34,855,000 after purchasing an additional 1,818,753 shares during the period. Earnest Partners LLC raised its position in ASE Technology by 10.4% in the 2nd quarter. Earnest Partners LLC now owns 2,840,090 shares of the semiconductor company’s stock worth $32,434,000 after purchasing an additional 266,991 shares during the period. Finally, TT International Asset Management LTD lifted its stake in ASE Technology by 14.8% in the third quarter. TT International Asset Management LTD now owns 2,063,535 shares of the semiconductor company’s stock worth $20,140,000 after purchasing an additional 265,767 shares during the last quarter. Institutional investors own 6.80% of the company’s stock.

ASE Technology Trading Up 2.4 %

NYSE:ASX opened at $10.39 on Thursday. The firm has a market capitalization of $22.81 billion, a P/E ratio of 23.09, a P/E/G ratio of 0.71 and a beta of 1.19. ASE Technology Holding Co., Ltd. has a 52 week low of $8.10 and a 52 week high of $12.86. The company has a quick ratio of 0.89, a current ratio of 1.18 and a debt-to-equity ratio of 0.38. The company has a fifty day moving average of $10.05 and a 200 day moving average of $10.09.

ASE Technology (NYSE:ASX) last issued its quarterly earnings data on Thursday, October 31st. The semiconductor company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.02). ASE Technology had a net margin of 5.47% and a return on equity of 10.05%. The firm had revenue of $4.96 billion for the quarter. During the same period last year, the business posted $0.13 earnings per share. On average, research analysts predict that ASE Technology Holding Co., Ltd. will post 0.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ASX. UBS Group upgraded ASE Technology from a “neutral” rating to a “buy” rating in a report on Tuesday, October 15th. StockNews.com lowered ASE Technology from a “buy” rating to a “hold” rating in a research report on Friday, September 20th.

ASE Technology Profile

ASE Technology Holding Co, Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.